Research note · Robinhood Chain

Robinhood’s native tokens: revenue after the cooldown

Revenue of ten Robinhood-native projects fell 77% in 30 days. Ramses grew through the slowdown, while BUN, HEDGE and SLVR held up best.

10 native projects$32.2M → $7.6M−77%
PONS$25.0M → $4.5M−82%
Ramses+32%grew through the slowdown
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Research snapshot · 22 Oct 2026

Revenue comparison for ten Robinhood Chain tokens across two 30-day periods
Original graphic by Madaba · Select the image to view it at full size

The drop

Combined revenue went from $32.2M to $7.6M. PONS fell from $25.0M to $4.5M, STONKBROKER by 88% and SHROOM by 91%.

Who held up

Ramses grew 32%. BUN (-19%), HEDGE (-30%) and SLVR (-40%) had the smallest declines. ORBIO shows +162%, but its earlier window contains only seven days of data. Data as of 22 Oct from DefiLlama.

Updates since publication

  1. October edition: revenue of 11 native tokens fell from $34.4M to $9.0M (−74%). Ramses was the only one that grew. New this time: a market cap over annualized revenue column.

    Post on X ↗

  2. All editions, including the app revenue chart, are collected in the Robinhood Chain revenue series.

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